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Dec 6, 2012
12/12
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bernanke and timothy geithner, the combination of the team that had saved the world from utter financial collapse. and that's what they knew they needed. and john mccain, on the other hand, was running around like a headless chicken, and they were scared, they were petrified he would become president, especially with his vice presidential candidate. so they voted in their self-interest, because they knew that the system needed to be saved. now that the system is saved is, they just want to pay less taxes. >> that gets to this question of narrow self-interest versus broad self-interest. in the case of adelson, this is really important for people to understand. when you're talking these marginal races, this is tens of millions, hundreds of millions of dollars for people. there's a ton of money on the table. >> if you're earning $400,000 a year, you're still paying less than top marginal rates. it's only the last bit. if you're sheldon adelson, you're paying the marginal rates on basically everything. >> basically everything. but there's also the sense in which the self-interest is very nar
bernanke and timothy geithner, the combination of the team that had saved the world from utter financial collapse. and that's what they knew they needed. and john mccain, on the other hand, was running around like a headless chicken, and they were scared, they were petrified he would become president, especially with his vice presidential candidate. so they voted in their self-interest, because they knew that the system needed to be saved. now that the system is saved is, they just want to pay...
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and regulators like treasury secretary tim githner and feral reserv chairma ben bernanke have written accelerating automation o the markets may threaten their very stability. in an annul report of the federal stability oversight cocil, the evolution of the markets could lead to an unintended erors cascading througthe final system. th sounds like a big at disaster. i wa a system where regular investors can trade stocks and not be woried about coming out the short ed of thestick. t stock mkets were developed in this country as aechanism for raisin capital pricing assets let's get ck to tha. coming up tomike in washington actually learn a lesson from florid next, how hrry's could be the latest victim in the fiscal cliff talks. the esident of the united way joins next. i'm only in my 60's... i've got a nice long life ahead. big plans. so when i found out medicare doesn'tay all my medical expenses, looked at my options. then i got a medare supplement i insance plan. [ male aouncer ] if you're eligle for medicare, you may know it only covers about 80% of youpart b medical expenses. the rest
and regulators like treasury secretary tim githner and feral reserv chairma ben bernanke have written accelerating automation o the markets may threaten their very stability. in an annul report of the federal stability oversight cocil, the evolution of the markets could lead to an unintended erors cascading througthe final system. th sounds like a big at disaster. i wa a system where regular investors can trade stocks and not be woried about coming out the short ed of thestick. t stock mkets...
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Dec 13, 2012
12/12
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the american economy, fed chair ben bernanke warning that the stalemate over the cliff is already inflicting damage. >> it's already affecting business investment and hiring decisions by creating uncertainty or creating pessimism. >> with taxes poised to go up for everyone. our new nbc news/"wall street journal" poll saying increasing fed up, the majority of voters from both parties want washington to make it happen. joining me is south carolina congressman james clyburn. sir, good to have you here. we just heard nancy pelosi calls on congress not to leave the hill after a two-day work week. are republicans on the hill wanting to do the same thing, wanting to stay there and get this deal done? >> thank you so much for having me, thomas. yeah, i do believe we want to see the deal done. i've talked to a lot of republicans who feel that we ought to do this. before we go home. then come back next week for a day or so to rat that fi whatever it is to put in place. and then go home so that the holidays with our families and friends. so people want to see this done. they know pretty much what has t
the american economy, fed chair ben bernanke warning that the stalemate over the cliff is already inflicting damage. >> it's already affecting business investment and hiring decisions by creating uncertainty or creating pessimism. >> with taxes poised to go up for everyone. our new nbc news/"wall street journal" poll saying increasing fed up, the majority of voters from both parties want washington to make it happen. joining me is south carolina congressman james clyburn....
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Dec 13, 2012
12/12
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we talked about ben bernanke beforehand in a news article. explain something to me, because you know i'm a simple man, got simple tastes. i just love running through the fields barefooted, you know. >> eating doughnuts. >> eating doughnuts. eating munchkins after a cool spring rain. but anyway, i don't understand -- you like that, harold? i don't know where this comes from. i think it's a sugar rush from the munchkins. but anyway. i don't understand how the entire chattering class, the elites, all the economists, the entire world decided they were going to beat the hell out of alan greenspan for providing cheap money over a decade. how could he do that? how could he do that after the long-term capital collapse? how could he do that after the collapse in asia? how could you do that after the dotcom bust? but alan greenspan never did what this fed chairman is doing. i mean, he's taken greenspan's belief that cheap money will help americans through tough times to an absurd new level. >> well, he's certainly taken it to a new level. we can discus
we talked about ben bernanke beforehand in a news article. explain something to me, because you know i'm a simple man, got simple tastes. i just love running through the fields barefooted, you know. >> eating doughnuts. >> eating doughnuts. eating munchkins after a cool spring rain. but anyway, i don't understand -- you like that, harold? i don't know where this comes from. i think it's a sugar rush from the munchkins. but anyway. i don't understand how the entire chattering class,...
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Dec 13, 2012
12/12
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ben bernanke, chairman of the fed saying hey guys, you got -- he's the one who came up with the term fiscal cliff. >> did he. >> bill: warning to members of congress. here he is yesterday. >> even though we've not yet even reached the point of the fiscal cliff potentially kicking in it is already affecting business investment and hiring decisions by creating uncertainty or creating pessimism. >> bill: front page of "the hill" today, cliff is already inflicting damage. it is because people don't know what the hell's going to happen. >> it will be interesting to see what ben bernanke says behind closed doors and the cursing he does at congress. he has to be rolling his eyes that we're at this point and at least publicly, we're nowhere. the clock is ticking and he was saying once again listen, don't minimize this. as president obama said, this is avoidable. they can do this. but if they don't do it and you go over the cliff then who knows what happens and then maybe it is irreversible, some of the damage. >> bill: barbara is on the line from columbus, new jersey. hey, barbara, good morn
ben bernanke, chairman of the fed saying hey guys, you got -- he's the one who came up with the term fiscal cliff. >> did he. >> bill: warning to members of congress. here he is yesterday. >> even though we've not yet even reached the point of the fiscal cliff potentially kicking in it is already affecting business investment and hiring decisions by creating uncertainty or creating pessimism. >> bill: front page of "the hill" today, cliff is already inflicting...
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Dec 12, 2012
12/12
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fed reserve chairman ben bernanke says u.s. unemployment, a huge problem, huge waste of potential -- human potential, he said. bernanke says the fed will replace operation twist with a new $45 billion asset buying program. overall, the fed is committing to buy $85 billion worth of securities a month. the program seeks to keep downward pressure on interest rates to spur the economy. >>> now back to the fiscal cliff. 20 days, count them with me, 20 days out from higher taxes and punishing government spending cuts if there is no deal in washington to craft a softer landing. with me now from los angeles, economist, author, ben stein. ben stein, good to see you, sir. you know, look, despite all we're hearing and seeing out of washington, we can at least discern some movement on this issue of taxes. let me just take you back, house speaker john boehner, his first position was no new taxes. president obama was asking for new taxes totalling $1.6 trillion. after the election speaker of the house ponied up an offer of $800 billion, exac
fed reserve chairman ben bernanke says u.s. unemployment, a huge problem, huge waste of potential -- human potential, he said. bernanke says the fed will replace operation twist with a new $45 billion asset buying program. overall, the fed is committing to buy $85 billion worth of securities a month. the program seeks to keep downward pressure on interest rates to spur the economy. >>> now back to the fiscal cliff. 20 days, count them with me, 20 days out from higher taxes and...
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Dec 6, 2012
12/12
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russian's vladimir putin number three then it is some nonpoliticians, pope benedict and ben bernanke are in the top ten. michael bloomberg and the ceo of walmart are in the top 20. >> bill: did we get an answer on our tweets? >> i'll have o to see. he didn't answer our tweet. i don't know if he's tweeted anything yet. i'll look him up. >> the grammy nominations were announced last night. album of the year nominees include el camino by the black keys, some nights by fun mumford and sons, channel orange by frank ocean and blunder bust by jack white. song of the year nominees include carly rae jepsen, kelly clarkson miguel and fun. grammys coming out in february. >> i'm glad i'm not a judge of the grammys. if i had to choose between -- >> the list that you just gave -- song of the year -- they won't be around in a couple of years. they just won't. >> kelly clarkson will be around. >> kelly clarkson, you're right. >> she's been around for ten years. she's been very successful. >> bill: i would give it to dave brubeck. >> that would be good. >> bill: he died yesterday. take five. that's a
russian's vladimir putin number three then it is some nonpoliticians, pope benedict and ben bernanke are in the top ten. michael bloomberg and the ceo of walmart are in the top 20. >> bill: did we get an answer on our tweets? >> i'll have o to see. he didn't answer our tweet. i don't know if he's tweeted anything yet. i'll look him up. >> the grammy nominations were announced last night. album of the year nominees include el camino by the black keys, some nights by fun mumford...
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Dec 11, 2012
12/12
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ben bernanke said that made him more angry than anything else the u.s. did to avoid the recession. we'll be right back. viewer for capella university. matter. education is the key. it is the vehicle. it's the way in which we evolve. every journey is different every possibility is unique. but the beginning, the beginning is my craft. i'm an ordinary person striving to achieve extraordinary things. it started with a dream and i'm on my way there. but when joint pain and stiffness from psoriatic arthritis hit even the smallest things became difficult. i finally understood what serious joint pain is like. i talked to my rheumatologist and he prescribed enbrel. enbrel can help relieve pain, stiffness, and stop joint damage. because enbrel, etanercept suppresses your immune system, it may lower your ability to fight infections. serious, sometimes fatal events including infections tuberculosis lymphoma, other cancers, and nervous system and blood disorders have occurred. before starting enbrel your doctor should test you for tuberculosis and discuss whether you've been to a region where c
ben bernanke said that made him more angry than anything else the u.s. did to avoid the recession. we'll be right back. viewer for capella university. matter. education is the key. it is the vehicle. it's the way in which we evolve. every journey is different every possibility is unique. but the beginning, the beginning is my craft. i'm an ordinary person striving to achieve extraordinary things. it started with a dream and i'm on my way there. but when joint pain and stiffness from psoriatic...
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Dec 12, 2012
12/12
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speaking of the fiscal cliff, jessica, what did the fed chairman ben bernanke say about these current negotiations? >> well, bernanke is the man credited with coining the term fiscal cliff. he did it back in february as part of testimony before congress. bernanke was speaking at a press conference today and he was asked two things. one, does he see impacts from the fiscal cliff, the lack of a deal, is it already rippling through the economy in? he said, yes. that's why you're seeing a fall in consumer confidence and less business activity and he said that it's impair tea that the congress comes to a deal with the white house and he was asked, do you think that term is correct a. fiscal cliff? is it a slope, maybe? he said, no, it's a fiscal can cliff because the economy will hit a brick wall if there is not a deal in january. he says it is not hype. >> he's basically saying if we go over the fiscal cliff, if these lawmakers and white house doesn't make a deal, it could lead to a recession? >> that >> reporter: that's right. we could hit another recession if we go over the fiscal cliff
speaking of the fiscal cliff, jessica, what did the fed chairman ben bernanke say about these current negotiations? >> well, bernanke is the man credited with coining the term fiscal cliff. he did it back in february as part of testimony before congress. bernanke was speaking at a press conference today and he was asked two things. one, does he see impacts from the fiscal cliff, the lack of a deal, is it already rippling through the economy in? he said, yes. that's why you're seeing a...
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Dec 12, 2012
12/12
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that said, that awareness, that recognition, that's ben bernanke and former ed lazar have all embraced our problems now are more about demand, construction, should not undermine the fundamental importance of dealing with skills or that we may face temporary or future skill gaps. i think there's three reasons why we should be focused on this. number one, even the unemployment today that is fundamentally about the cyclical demand, less -- let's strengthen the economy, can easily become the next structural skills problem of the future. we know that one of the challenges we face right now in our economy is not just lowering unemployment, but lowering long-term unemployment. if we allow legions of our fellow citizens to stay unemployed for a year or two year or longer, we note from study after study that they will have more trouble reestablishing their skills going forward. and that would be a humanitarian crisis for us as a country, but it will also be, we will also be sitting by and letting the new structural skills gap expand because we're not taking enough efforts right now to get peopl
that said, that awareness, that recognition, that's ben bernanke and former ed lazar have all embraced our problems now are more about demand, construction, should not undermine the fundamental importance of dealing with skills or that we may face temporary or future skill gaps. i think there's three reasons why we should be focused on this. number one, even the unemployment today that is fundamentally about the cyclical demand, less -- let's strengthen the economy, can easily become the next...
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Dec 12, 2012
12/12
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also, federal reserve chairman ben bernanke holding news conference. and that it on the federal open market committee meeting. live coverage starts at 2:15 p.m. eastern also on c-span3. >> the white house was very controversial, as most things in america were. washington city, there was competition. he submitted the design for a palace. americans were not having a palace. it was not particularly of inspiring. in 1821, a european diplomat told congress it was the large, nor all conspiring -- nor awe inspiring. but the building circuits purpose. if a larger, perhaps some president would be inclined to become its permanent resident. but the kohlberg has gathered a few efforts davis white house photos -- >> vicky has gathered a few of her favorite white house photos. >> from the u.s. chamber of commerce, and look at the fiscal challenges facing the nation. including negotiations over the so-called fiscal cliff. former comptroller general david walker and former congressional budget office director rudy penner explained why they think raising taxes will not
also, federal reserve chairman ben bernanke holding news conference. and that it on the federal open market committee meeting. live coverage starts at 2:15 p.m. eastern also on c-span3. >> the white house was very controversial, as most things in america were. washington city, there was competition. he submitted the design for a palace. americans were not having a palace. it was not particularly of inspiring. in 1821, a european diplomat told congress it was the large, nor all conspiring...